VW Pays $15 Billion to Settle Diesel Scandal in U.S.

The video discusses Volkswagen's settlement related to its emissions scandal. Volkswagen agreed to buy back or fix affected cars, costing around $10 billion, and pay $4.7 billion to environmental agencies and clean energy investments. The settlement includes conditions like achieving an 85% recall rate by 2019, with penalties for non-compliance. Volkswagen has set aside $17.8 billion for these costs, but the settlement only covers the US, leaving other jurisdictions and potential lawsuits unresolved.

What are the two options Volkswagen has agreed to offer customers regarding their cars?

How much is Volkswagen estimated to spend on the settlement?

What is the recall rate Volkswagen must achieve by 2019 to avoid additional penalties?

What are some of the legal issues that are not covered by the settlement?

How much has Volkswagen set aside to deal with the settlement, and how much of that will be used?